1308 Adair Court, Cedar Rapids, IA 52404

$4,150,000

Now available: First Class Storage, a modern, high-demand storage facility strategically located next to the Eastern Iowa Airport. This is a turn-key opportunity to own the entire complex, offering both investment potential and immediate rental income. Here are a few highlights including income & occupancy: This site opened in November 1st, 2025 Occupancy is ahead of business plan. ?? Property Overview Strong unit mix Prime location with excellent visibility and easy access to major highways Secure, well-maintained, and built for today’s storage demands ?? Unit Mix & Rental Rates 10x20: 91 units | $135 /month 10x30: 69 Units | $165 /month 10x30: with electricity | $295 / month 14x40: w/o electricity | 5 Units | 5 occupied | $325 /month 14x40: with electricity | 3 Units | 3 occupied | $650 /month Total Units: 168 OH Doors: A typical self storage facility has 8’w x 7’h OH doors. This site has larger OH Doors for easier entry and exit. Allows for storage of larger vehicles, boats, etc. 10x20 & 10x30 units have: 9’w x 8’h OH Doors. 14x40 units have: 12’w x 14’h OH Doors. Site Information: Seller carry Options (choose 1 option): $25,500 monthly payment at 0.00% interest for 6 months. $25,500 monthly payment at 2.00% interest for up to 12 months. $25,500 monthly payment at 3.00% interest for up to 22 months. Note: Selling price will go up as the site gets closer to stabilization.

Legal: IOWA DEVELOPMENT 1ST LOTS 4 & 5